Vident Advisory LLC Acquires 7,434 Shares of Hasbro, Inc. $HAS

Key Points

• Vident Advisory LLC increased its holdings in Hasbro, Inc. by 39.8% in the 1st quarter, acquiring an additional 7,434 shares and bringing its total to 26,103 shares valued at $1,605,000.
• Hasbro's stock recently experienced a 1.7% decline, with a current price of $79.75, while the company reported a quarterly EPS of $1.30, exceeding analysts' expectations.
• The company declared a $0.70 quarterly dividend to be paid on September 3rd, with an annual yield of 3.5% and an ex-dividend date of August 20th.

Vident Advisory LLC grew its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 39.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,103 shares of the company's stock after buying an additional 7,434 shares during the quarter. Vident Advisory LLC's holdings in Hasbro were worth $1,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAS. Brighton Jones LLC acquired a new position in shares of Hasbro in the 4th quarter valued at approximately $317,000. Beacon Pointe Advisors LLC increased its position in Hasbro by 22.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,638 shares of the company's stock worth $203,000 after purchasing an additional 676 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Hasbro by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 101,212 shares of the company's stock worth $5,659,000 after purchasing an additional 696 shares in the last quarter. Northern Trust Corp increased its position in Hasbro by 22.4% during the 4th quarter. Northern Trust Corp now owns 1,324,552 shares of the company's stock worth $74,056,000 after purchasing an additional 242,415 shares in the last quarter. Finally, AXA S.A. increased its position in Hasbro by 2.0% during the 4th quarter. AXA S.A. now owns 42,413 shares of the company's stock worth $2,371,000 after purchasing an additional 829 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on HAS shares. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. UBS Group upped their price target on shares of Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Monness Crespi & Hardt upped their price target on shares of Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, DA Davidson upped their price target on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of "Moderate Buy" and a consensus target price of $86.42.

Insider Buying and Selling

In related news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock valued at $2,970,828 over the last ninety days. 0.85% of the stock is owned by corporate insiders.

Hasbro Trading Down 0.8%

Shares of HAS traded down $0.67 during trading hours on Friday, hitting $79.73. 1,362,054 shares of the stock were exchanged, compared to its average volume of 1,485,675. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $82.19. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a 50-day moving average of $78.03 and a 200-day moving average of $68.02. The firm has a market capitalization of $11.18 billion, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. During the same period in the prior year, the company posted $1.22 earnings per share. Hasbro's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.5%. Hasbro's dividend payout ratio is currently -68.97%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.